Payroll & Invoices
- Invoicing & Salary Pay-day
- Why do the fees and payroll change each month?
- What are the different amounts on the invoice?
- What are deposits?
- How can I request a change in salary?
- Where can I access billing information of my company?
- Where can I access invoices to my company?
- Where can I find detailed breakdown of payroll costs?
- Can I review global payroll reports in my billing currency?
- What does "Regularization" mean?
- Where can I input non-recurring income for employees?
- Preview: Legal entities and billing groups
- Exchange Rate And Wire Fees
Invoicing & Salary Pay-day
As any finance department would likely agree with, invoicing and billing is an ongoing process which starts at the beginning of each month and runs beyond employee salary pay-day.
A summary of the monthly payroll schedule at Horizons is below:
Date | Action |
5th of month | Bonuses, commissions, expenses, etc. to be uploaded into Horizons platform |
2nd week of month | Invoices issued by Horizons billing department |
20th of month | Invoices paid to Horizons |
Last working day of month* | Employee's salary paid to their preferred bank account |
Below is a more detailed overview of the payroll schedule:
- Cut-off date for additional remuneration, e.g., business expenses, commissions, bonuses, is close of business (COB) by the 5th of each working month, or closest working day if the 5th falls on a weekend.
- Invoices are prepared by our billing team and issued to our clients generally from the second week of each month.
- The payment terms can be found in section 4 of our General Terms & Conditions. Unless specified otherwise in your signed Services Agreement with Horizons, invoices need to be paid by the 20th of each month, or closest working day. Please note that any delay in the payment of the invoices could result in a delay of the salary payment to your employee(s).
- *Employee salary pay-day is outlined in the employee's signed employment contract and unless specified otherwise, is the last working day of each month.
We hope you found this article to be useful. Please contact support@joinhorizons.com should you have further questions.
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